How Racism Is An Essential Tool For Maintaining The Capitalist Order
Capitalism’s cyclical crises could potentially turn their victims against it and make them receptive to the system’s critics.
This would more likely happen if everyone in the society were roughly equally vulnerable to cyclical downturns. Most employees would then rightly worry that their jobs would be lost in the next crash. They would periodically face income losses, interrupted educations, lost homes, and so on. Whatever relief employees felt if neighbors, rather than themselves, got fired, they would know that it might well be their turn in the next cycle. The losses, insecurities, and anxieties produced by such a capitalism would long ago have turned employees against it and provoked transition to a different system.
U.S. capitalism solved its instability problem by making cyclical downturns afflict chiefly a minority subpart of the whole working class.